Urban Outfitters (NASDAQ:URBN) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note released on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $44.00 target price on the apparel retailer’s stock.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Barclays dropped their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Wells Fargo & Company dropped their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley dropped their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, BMO Capital Markets dropped their target price on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.27.

Urban Outfitters Stock Down 1.9 %

Shares of URBN stock opened at $36.91 on Wednesday. Urban Outfitters has a 12-month low of $31.37 and a 12-month high of $48.90. The company has a market capitalization of $3.41 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.90 and a beta of 1.50. The firm has a 50-day moving average price of $37.01 and a 200 day moving average price of $40.11.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that Urban Outfitters will post 3.66 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 31.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of Urban Outfitters by 138.8% in the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the last quarter. Quarry LP increased its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $42,000. Asset Management One Co. Ltd. acquired a new stake in shares of Urban Outfitters in the 3rd quarter valued at approximately $47,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Urban Outfitters in the second quarter valued at $48,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.